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Harmonic Patterns

Gold 1hour bearish analysis The chart is presented in a dark mode interface, with red and green candlesticks indicating price movements over time. Various technical indicators are available, including moving averages, relative strength index (RSI), and Bollinger Bands, although none are currently applied to the chart. A replay feature is also available, enabling users to review historical price action and analyze past market trends. The overall impression suggests that the user is actively monitoring the Gold market, potentially for trading or investment purposes.
OANDA:XAUUSDShort
by prime_trade97
Gold 2hours bulish analysisThe image shows a computer screen displaying a graph with a green and red bar chart. The graph is titled "Gold 2h" and has a black background with white text. The x-axis is labeled with numbers, while the y-axis is labeled with letters. A green bar is visible on the right side of the graph, accompanied by a red bar below it. The overall atmosphere suggests that this is a screenshot of a computer program or website used for tracking gold prices over time.
OANDA:XAUUSDLong
by prime_trade97
Silver Holds Gains After 14-Year HighSilver traded around $38.10 during Tuesday’s Asian session after hitting a 14-year high of $39.13 on Monday. Safe-haven demand remained firm following Trump’s threat of severe tariffs on Russia unless a peace deal is reached within 50 days. Further fueling uncertainty, NATO confirmed a new weapons package for Ukraine. Meanwhile, Powell’s comments on inflation risks tied to tariffs raised doubts over near-term Fed rate cuts, weighing slightly on silver. Trump’s renewed criticism of the Fed Chair also reignited concerns over central bank independence. Tariff negotiations with the EU continue, though tensions persist, especially after the U.S. slapped a 17% duty on fresh tomato imports from Mexico. Resistance is at 38.50, while support holds at 38.00.
TVC:SILVER
by ChartMage
GOLD BUYGold defends 50-day SMA ahead of US PPI inflation data Gold price attempts a tepid bounce early Wednesday as focus shifts to trade updates and US PPI data. The US Dollar retreats alongside Treasury bond yields even as risk-off flows persist. Gold price needs to crack the 50-day SMA support at $3,323; daily RSI reclaims midline. As observed on the daily chart, Gold price is stuck between two key barriers, with the 21-day Simple Moving Average (SMA) support-turned-resistance at $3,335 checking the upside. On the other hand, the 50-day SMA at $3,323 cushions the downside. The 14-day Relative Strength Index (RSI) is sitting just above the midline, currently near 50.50, suggesting that buyers could retain control. Acceptance above the 21-day SMA is critical to sustaining the renewed upside, above which the 23.6% Fibonacci Retracement (Fibo) level of the April record rally at $3377 will be put to the test once again. Further north, the $3,400 round level will challenge bearish commitments. In contrast, rejection at the 21-day SMA could attack the 50-day SMA support. Sellers must find a strong foothold below the 50-day SMA on daily closing basis. The next healthy support levels are located at the 38.2% Fibo level of the same rally at $3,297 and the July low of $3,283. TP 1 3,349 TP 2 3,371 TP 3 3,390 RESISTANCE 3,317
OANDA:XAUUSDShort
by Mark804
Bitcoin harmonic pattern. Back to back Gartley. BTCGOLD ratio.The BTC/GOLD ratio has experienced a significant correction, currently standing at 27 gold ounces per 1 Bitcoin, down from a peak of 41, representing a decline of 34%. Gold, priced at $3,114 in US Federal Reserve notes, is in a sustained bull market. It is reasonable to anticipate that the digital equivalent of gold will gain traction once gold stabilizes at a higher price point. The Gartley pattern is recognized as the most prevalent harmonic chart pattern. Harmonic patterns are based on the idea that Fibonacci sequences can be utilized to create geometric formations, which include price breakouts and retracements. The Gartley pattern illustrated indicates an upward movement from point X to point A, followed by a price reversal at point A. According to Fibonacci ratios, the retracement from point X to point B is expected to be 61.8%. At point B, the price reverses again towards point C, which should reflect a retracement of either 38.2% or 88.6% from point A. From point C, the price then reverses to point D. At point D, the pattern is considered complete, generating buy signals with an upside target that aligns with points C and A, as well as a final price target of a 161.8% increase from point A. Often, point 0 serves as a stop-loss level for the entire trade. While these Fibonacci levels do not have to be precise, greater proximity enhances the reliability of the pattern. Will these consecutive Gartley patterns succeed in bolstering Bitcoin's strength? We will soon discover the answer.
BITSTAMP:BTCUSDLong
by BallaJi
4
Global Market Overview | July 15President Trump’s latest statements made headlines again, but market reactions have become more measured. The Dow declined slightly, while Asian markets presented mixed performances; Japan remained flat, Korea and Australia posted losses, and Taiwan outperformed. The US dollar strengthened as the yen weakened. Bitcoin recovered near $118,000 after dropping from its $123,000 high. Silver held firm above $38. Today, market focus turns to U.S. PPI data and key bank earnings reports.
BITSTAMP:BTCUSD
by ChartMage
ALGO/USDT – Bull Flag Formation hi traders Algorand (ALGO/USDT) is showing a strong bullish continuation pattern following an impulsive price move upward. 🔍 Technical Overview: Current Price: $0.2828 USDT Pattern: Bull Flag A sharp upward move (flagpole) is followed by a period of consolidation within a downward-sloping channel, forming the flag. This is a classic bull flag pattern, often indicating a pause before continuation in the original trend direction. Volume Profile: Volume surged during the flagpole advance. It has since tapered off during the consolidation, which supports the textbook flag setup. 📈 Bullish Breakout Expectation: Once the price breaks above the upper resistance trendline of the flag, a strong continuation move is likely. The projected target is approximately $0.3677, representing a ~29.9% upside from the breakout level. This target is measured by applying the height of the flagpole to the breakout point. Wait for volume confirmation to avoid false breakouts. *Important: Failure to break the flag’s upper boundary could lead to further consolidation or a retracement.
Long
by vf_investment
Pound Pressured by BoE Dovish ToneGBP/USD held around 1.3430–1.3435, just above a three-week low, with traders awaiting US CPI data for further clues on dollar direction. UK economic data remains soft, and BoE Governor Bailey signaled that deeper rate cuts may be on the table if the labor market weakens further. He emphasized growing economic slack, which could help bring inflation down. Meanwhile, a slight dollar pullback provided limited relief to the pair. Resistance is at 1.3500, while support holds at 1.3380.
by ChartMage
ADA/USDT Trading Ideahi traders This technical analysis for Cardano (ADA/USDT) outlines a potential breakout or rejection scenario as the price tests a long-term descending trendline. Key Technical Levels to watch: Resistance: $0.7467 (current test of descending trendline) $1.0227 (primary breakout target) $1.1635 $1.3213 Support: ~$0.60 (horizontal support zone) Trendline: The chart features a long-term descending trendline from the February/March 2025 highs. ADA is currently approaching this resistance after a sustained rally from sub-$0.60 levels. 📈 Bullish Scenario: If ADA breaks above the descending trendline with strong volume: Expect a continuation move toward $1.0227, the nearest key resistance. A successful breakout and hold above $1.0227 could open the path toward $1.1635 and eventually $1.3213. This would signal a potential trend reversal and shift in momentum. 📉 Bearish Scenario: If ADA gets rejected at the trendline: Price may fall back toward the $0.60 support zone, where previous consolidation occurred. This scenario suggests the trendline remains a strong barrier and that ADA may continue ranging or resume a downtrend. *How to trade it: Confirm breakout with volume and daily candle close. Watch for fakeouts or failed breakouts due to market-wide sentiment shifts.
by vf_investment
Euro Steady, EU Prepares $84B RetaliationEUR/USD hovered near 1.1670 in Tuesday’s Asian session as markets awaited US-EU trade updates. Despite Trump’s 30% tariff announcement on EU imports, he confirmed that negotiations with Brussels are ongoing ahead of the August 1 deadline. According to Bloomberg, the EU is ready to respond with proportional tariffs targeting $84B (€72B) worth of US goods, including Boeing jets, bourbon, cars, and machinery. Resistance for the pair is at 1.1715, while support is at 1.1645.
by ChartMage